About Dried Apricots
Dried apricot is a type of traditional dried apricot fruit that contains long-chain fatty acids and various vitamins which aid in the prevention of diseases. Apricots are considered to be one of the healthiest fruits as they are rich in nutrients such as proteins, carbohydrates, vitamins, fibers, minerals and fats. It contains vitamin A, C, K and B complex and are reasonable quantities of organic acids. The demand for dried apricots is increasing at a moderate rate from the food, bakery and confectioneries industry. Dried apricots are gaining popularity worldwide owing to the nutritional contents.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.8% |
The companies in dried apricot are exploring the market by adopting expansions, investments and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Dried Apricots market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
King Apricot (United States), Arimex (Lithuania), Purcell Mountain Farms (United States), B & R Farms, LLC (United States), Sunbeam Foods (Australia), JAB Dried Fruit Products (Pty) Ltd (South Africa), Bergin Fruit and Nut Company Inc. (United States), Sun-Maid Growers of California (United States), Traina Foods, Inc. (United States), Sunbeam Foods Pty Ltd. (Australia), Red River Foods Incorporated (United States) and N. Polychroniadis & Sia O.E. (Greece) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Diamond Foods, Archer Daniels Midland, Kanegrade, Graceland, Hines Nut Company and H.B.S. Foods.
Segmentation Overview
AMA Research has segmented the market of Global Dried Apricots market by , Application (Household and Commercial) and Region.
On the basis of geography, the market of Dried Apricots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Dried Apricots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Store Based Retailing {Forecourt Retailers, Super markets, Modern Grocery Retailers and Hypermarkets} will boost the Dried Apricots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powered will boost the Dried Apricots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. B2B will boost the Dried Apricots market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Combination of Flavors to Create Complex Salsas and Growing Health Awareness among Consumer
Market Growth Drivers:
Rise in Demand for Functional Food, Higher Shelf Life, Increasing Demand for Premium Products and Advantage Associated with Dried Apricot as it is Rich Source of Fiber and Other Nutrients
Challenges:
Limitation of Supply Chain Management
Restraints:
High Cost of Dried Apricot
Opportunities:
Huge Demand and Consumption of Freeze Dried Foods in the Developing Nations and Increasing Demand for Nutritious Food Products
Market Leaders and their expansionary development strategies
In 2020, Sahara Snacks introduced "Apricot Crisps" made with real fruit and ancient grains, catering to the growing demand for healthy and convenient snack options
In July 2021, Sun-Maid launched a new line of "California Apricot Bites" targeted towards health-conscious consumers, boasting no added sugar and being a good source of fiber
Key Target Audience
Dried Apricots Manufacturers, Suppliers And Distributors, Research Organizations And Consulting Companies, Industry Associations, Research Institutes and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.